UPDATE: RBC Capital Assumes Zoom Video (ZM) at Outperform

June 10, 2021 4:13 PM EDT
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Price: $381.67 -1.13%

Rating Summary:
    16 Buy, 13 Hold, 3 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 11 | New: 8
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(Updated - June 10, 2021 4:16 PM EDT)

RBC Capital analyst Rishi Jaluria assumes coverage on Zoom Video (NASDAQ: ZM) with a Outperform rating and a price target of $450.00.

The analyst comments "We are assuming coverage of Zoom Video Technologies with an Outperform rating and $450 price target and naming it our top pick. Zoom is a leading provider of video communications services, with over 460,000 business customers, including a 50%+ of the Global 2000. While Zoom undoubtedly had stellar performance in 2020, with 320%+ revenue growth (at ~$3.5B in ARR) and 50%+ FCF margins and shares meaningfully outperformed (up ~400% in 2020), the big question is “how will Zoom perform in a post-pandemic world”? This question has led to Zoom shares trading down ~40% from October highs."

For an analyst ratings summary and ratings history on Zoom Video click here. For more ratings news on Zoom Video click here.

Shares of Zoom Video closed at $333.63 yesterday.

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